E-trade in Yiwu to be guaranteed by Alipay

In a few days,China Yiwu Commodities Online will get cooperation from Alipay, a website that works as an independent third parth payment warrantor in provideing payment guarantee for Yiwu's dealers who want to do business on line, but fear of the other party's failure in fulfillment of payment or delivery. The introduction of Alipay into China Yiwu Commodities Online will realize an integrated E-commerce that
includes sample display on line, agreement signing on line, order placing on line and payment making on line. With the problem of payment resolved, the heart of dealers may sink while doing business on line.

Over the latest couple of years, E-commerce in Yiwu has developed at an impressive pace. Dozens of famous E-commerce service agencies home and abroad have marched their way into Yiwu's E-commerce market, including Alibaba, Global Sources, HC360.COM, But since the payment problem remains unsovled,most of the E-commerce websites are only run for product display. The inability to ensure safe on-line payment is hence the bottle-neck problem that hinders further development of E-commerce. When a purchaser elsewhere places an order will be at risk in case of non-payment or non-delivery.

As an escrow service agency, Alipay is intended for on-line dealers who really need an E-business platform where substantial transaction can be realized. It is said that nearly all the traders in Yiwu market have their corresponding virtual booths on China Yiwu Commodities Online, dealing in as many as 160,000 kinds of commodities. With Alipay introduced, a purchaser who is also a user of China Yiwu Commodities Online for placing order, must effect payment first to Alipay before shipment of the goods. After receiving the goods, the purchaser will advise Alipay that payment should be transfeered to the Seller. It is learnt that Alipay, an agency of Alibaba, is an enterprise specializing in providing on-line payment service. It enables individuals and businesses to securely, easily and quickly send and receive payments online, solving the issue of settlement risk. Above all, Alipay is a third party between the buyer and the seller, who assesses the credits of the two parties and protects their interests.